Author: News Desk

According to a press release from the Ministry of Defence, the Indian Air Force and Hindustan Aeronautics Ltd. have agreed to buy 70 HTT-40 indigenous trainer aircraft for a total of Rs 6,800 crore. On October 20, the contract was signed during the 12th DefExpo held in Gujarat. At 11:35 a.m. on the BSE, the company’s shares were trading 0.2 percent lower at Rs 2,442.3. On October 19, Prime Minister Narendra Modi launched the HAL HTT-40 indigenous trainer aircraft at the expo’s India Pavilion. The aeroplane was built with pilot-friendly features and state-of-the-art modern technology. “A total of 451 memoranda…

MG Motor India to launch an affordable electric vehicleIt is likely to hit the local market next financial yearIt will be priced below Rs 15 lakh in the local marketThis would challenge the dominance of Tata MotorsThe company will locally source the batteriesIt is to keep prices competitiveTata Motors is the electric vehicle market leaderIt has a share of more than 80 per centIt currently has three models – Tiago, Tigor, and Nexon

Electric Vehicle company Tesla introduces home charging station. It is a new version of its J1772 Wall Connector. It is priced at $550 Both Tesla and non-Tesla electric vehicles can use the connector. It is ideal for houses, apartments, hospitality properties and workplaces. The Wall Connector has multiple power settings. Multiple vehicles can be charged simultaneously with this.

Gautam Adani targets Europe Talks are on for starting a giant project in Morocco. The aim is to supply electricity and emissions-free fuel in Europe. Adani is considering building wind and solar generation plants. It would focus on producing green hydrogen for export. This would be his largest clean power development outside India. It would be as large as 10 gigawatts.

Reliance Industries Ltd (RIL) to demerge its financial service arm. Reliance Strategic Investments Ltd (RSIL) will be renamed Jio Financial Services Ltd (JFSL). JFSL would be listed on the Indian stock exchanges. Now, RSIL is a wholly-owned subsidiary of RIL. It is an RBI-registered Non-Deposit taking. Systematically Important (ND-SI) NBFC. RIL shareholders will get one equity share of JFSL of the face value Rs 10. This would be for one fully paid-up equity share of Rs 10 in RIL. JFSL and its subsidiaries will focus on the digital delivery of financial products. The goal is to reach 1.4 billion Indians.

Tata As Indian consumers move up to more sophisticated varieties of the beverage, Starbucks Private Limited announced the opening of its more upscale coffee format Starbucks Reserve in Mumbai’s Fort area. The action is a “testimony”, the local branch of the American coffee chain stated in a statement to Starbucks’ long-term commitment to improve the coffee experience in one of the brand’s key growth markets globally. Small-lot single-origin coffees, including Bolivia Sol de la Maana, Rwanda Sholi, and Sumatra Kerinci, will be sold in the shop and brewed and served by Starbucks “black apron” baristas espresso experts. These individuals are…

E-commerce marketplace Flipkart launches ‘Flipverse’. Flipverse is a metaverse experience. Users can experience and buy products in three-dimensional virtual reality. It can be accessed via a smartphone. There is no need to have a VR headset. More than 15 brands have signed up for the venture. Some are Puma, Noise, Nivea, VIP, and Himalaya. They will display about 100 products on Flipverse. This is the first time a traditional e-commerce company launched the Web3 service. Flipkart has partnered with eDAO, Polygon, and Guardian Link for it. All Android users can access Flipverse via the Flipkart app.

As Rishi Sunak scripts history by becoming the first Indian-origin to become the Prime Minister of Britain, it is also an ode to the willpower of a self-made youngster. Rishi and his wife Ashata have a combined asset of more than 700 million pounds. Besides the palace in Yorkshire, they have some other assets in Kensington, Central London. In Infosys, Ashata has a share of 0.93 per cent in her name. Rishi and his wife hold the 222nd position on the list of Britain’s richest people. As the Prime Minister of Britain, Rishi’s major focus will be solving the financial struggles the country faces now. In Britain, the inflation rate is more…

According to a senior official, the Indian space agency has a full launch plan for the coming year that includes commercial, navigation, sun, and moon missions. S. Somanath, the chairman of the Indian Space Research Organisation (ISRO), told the reporters present that integration tests for the Chandrayaan-3 spacecraft are now underway. He stated that the lunar trip will be considered for June 2023 by the space agency. According to an official speaking to IANS, the ISRO also intends to send its satellite Aditya-L1, a coronagraphy spacecraft to investigate the solar atmosphere, on a voyage to the sun. The spacecraft will…

Kerala bags prizes in the Dare To Dream competition held by DRDO. Four teams from Kerala won 20 lakhs in two categories. Pathanamthitta-based Ani Sam Varghese’s AIDRONE won second prize in the startup category. The Counter Drone System he developed won a cash prize of Rs 8 lakhs. In the individual category, Kalamasserry-based startup EyeROV’s founder Johns T Mathai won the first prize. The Underwater Drone developed by Johns T Mathai and his team won Rs 5 lakhs. Kollam native B. Surya Saradhi reached second with Rs 4 lakhs cash prize. He developed messaging and voice systems for underwater systems.…